According to some recent research by AXA and Monash University, family business and succession are not always a healthy mix – in Victoria alone of third or forth generation family businesses:

Some amazing numbers when you take the time to consider how this impacts on your business. So why do family business owners enable this to happen when our reserach shows overwhlemingly that having plans in place adds substantially to your overall business value?

Maybe it is time to work with your trusted advisors NOW to ensure that you achieve your optimal outcome both financially and emotionally.

GEN X advisers can help with the financial side along with your Accountant for structural advice. A business coach is also an essential ingredient in the mix to get your business fit and ready for succession as it can be a long road that sometimes feels more like a roller coaster ride!

If you are interested in finding out how business coaching can play a part in your overall business planning contact Tim Ryan from Shirlaws, who is based in Newcastle.

What time is it?

Knowing what to invest in is difficult at the best of times. There is so much information in the media, that often it seems to be conflicting.

A tool called, ‘The Economic Clock’ has been around for a long while and is based on the assertion that the economies of most developed countries move in a regular pattern known as the ‘boom & bust’ cycle.

The economic clock is a composite of individual economic indicators such as interest rates, employment real estate and the share market. The economic clock depicts the sequence of events in an economic cycle that influence the value of the asset classes.

Each event in the cycle tends to be the result of the proceeding economic condition.

While the clock is not fool proof, it does demonstrate indicators to watch out for.

How has the ‘clock’ played out in real life?

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